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Armen Panossian

Armen Panossian

Sep 10, 2026

15:15
And how do we see this sector playing out?
15:17
Software in the high-yield market is quite small.
15:20
It's 3% to 5%.
15:21
In the broadly syndicated loan market, it is oscillated between 12% and 15%.
15:26
Typically, the number two industry allocation in broadly syndicated loans after healthcare services.
15:31
In direct lending, it varies very broadly.
15:34
It could be as low as 9% or 10%.
18:32
It seems now credit.

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